State-owned Saudi Aramco said Friday it will cut oil supplies in May by almost 4 million b/d, in line with the kingdom’s commitments under the new OPEC/non-OPEC deal, as it seeks to assure an oil market devastated by the COVID-19 pandemic. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Aramco “will provide its customers with 8.5 million b/d of crude oil starting May 1,” it said in a statement posted on the Saudi stock exchange Tadawul. This includes allocations to its crude buyers abroad but also to its domestic customers. This is another signal from the OPEC kingpin that it has officially ended its oil price war, which led oil prices to crash close to […]